Ultra-Aggressive News Trade

I mentioned last week that I was going to continue using the FXEngines "trade the news" platform since it has been slightly profitable over the last 6 weeks.  I received a lot of comments about this platform during this time and it seems like some of you who jumped on the ship quickly jumped off.  This is totally understandable considering the broker issues encountered during highly volatile news reports and just the simple fact that the platform never seemed to capture those huge moves.  Over the weekend, I decided to subscribe to the ultra-aggressive engine which by the description is obviously very aggressive in entering the market if a price spike is encountered.  What this means is that I will be trading every US news event automatically.

Today was the Consumer Confidence report and it turned out to be the most profitable trade since I started using this platform.  One visitor to this site said that it seems like the platform doesn't perform well during highly volatile moves but does have more success during medium volatility moves.  That turned out to be correct today as I was able to capture 60 pips short on the EUR/USD.  I manually closed this trade out so I could have captured more or less depending on future movement.  So in this, my 7th week, I stand at +108 pips using this platform.  It certainly isn't the perfect system but as I said last week, it is my only consistently profitable system.  For some of the bashing I've given it, it really hasn't been all that bad.  I know I'm saying this after a nice win but take a look at the weekly P&L:

Week 1 -> +58 pips

Week 2 -> +22 pips

Week 3 -> -51 pips

Week 4 -> +19 pips

Week 5 -> +3 pips

Week 6 -> -3 pips

Week 7 -> +60 pips

This shows 5 profitable weeks and 2 unprofitable.

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